BNB Smart Chain Upgrade: Coin An Suspends Recharge and Withdrawal Services

04/12/2023 06:12 • Digital Disruptors • 111 views

On April 12th, according to an official announcement, Coin An is expected to suspend the recharge and withdrawal services of the BNB Smart Chain (BEP20) network at 13:15 on April 12th to support the network upgrade and hard fork of the BNB Smart Chain (BEP20) at a height of 27281024 (expected at 13:30 on April 12th).

Coin An will support BNB Smart Chain (BEP20) network upgrades and hard forking

As of April 12th, Coin An, one of the leading cryptocurrency exchanges, announced that it would be suspending recharge and withdrawal services of the BNB Smart Chain (BEP20) network to support the network upgrade and hard fork of BNB Smart Chain at a height of 27281024. This article will discuss the reasons behind the suspension of services, the expected impact on BNB Smart Chain, and what users can do to prepare for this upgrade.

Why is Coin An Suspending Services?

The main reason why Coin An is suspending the recharge and withdrawal services of the BNB Smart Chain network is to support the upcoming network upgrade and hard fork of BNB Smart Chain at a height of 27281024. This upgrade is aimed at improving the overall performance and security of the BNB Smart Chain network. By suspending the recharge and withdrawal services, Coin An is ensuring that its users’ funds are safe and secure during this critical upgrade.

What is the Expected Impact of the Upgrade?

The network upgrade and hard fork of the BNB Smart Chain at a height of 27281024 are expected to have a significant impact on the overall performance and security of the BNB Smart Chain network. This upgrade will introduce several new features and improvements, including a new gas model, improved cross-chain performance, and increased security. With these changes, BNB Smart Chain is expected to become more robust and efficient, making it a more attractive platform for developers and users.

What Should Users Do to Prepare for the Upgrade?

To prepare for the BNB Smart Chain upgrade, users should ensure that their funds are securely stored in a wallet that supports the new network. They should also follow the official Binance support channels for any updates or announcements regarding the upgrade. Additionally, users should not attempt to make any transactions during the scheduled upgrade time to avoid potential loss of funds.

Conclusion

The upcoming network upgrade and hard fork of the BNB Smart Chain mark an important milestone in the development of this platform. The improvement in cross-chain performance and increased security will make it a more attractive platform for developers and users. To support this upgrade, Coin An is suspending recharge and withdrawal services of the BNB Smart Chain network. Users should prepare for the upgrade by following the official Binance support channels and ensuring their funds are securely stored.

FAQs

Q: Will the suspension of services affect my current BNB Smart Chain holdings?
A: No, the suspension of services will only affect recharge and withdrawal services. Your current holdings will remain unaffected.
Q: How long will the suspension of services last?
A: The duration of the suspension period is yet to be announced. However, it is expected to last until the completion of the network upgrade and hard fork.
Q: What happens if I attempt to make a transaction during the scheduled upgrade?
A: If you attempt to make a transaction during the scheduled upgrade, it may result in loss of funds. Therefore, it is advised to refrain from making any transactions during the upgrade time.
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